Trump Media Plans To Launch Prediction Markets Offering On Truth Social

• The feature, named Truth Predict, will allow users to trade prediction contracts related to major political, economic, and sporting events, among others, according to Trump Media.
• Trump Media stated that it will soon begin beta testing the Truth Predict feature live on its platform, before doing a full launch in the U.S.

Trump Media & Technology Group Corp. (DJT) on Tuesday announced plans to launch a prediction markets offering on its social media platform, Truth Social.

Trump Media stated that it is partnering with Crypto.com | Derivatives North America (CDNA) to offer the prediction markets feature on Truth Social. CDNA is a Commodity Futures Trading Commission (CFTC) registered exchange and clearing house.

Trump Media shares were up nearly 2% in Tuesday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.

Truth Predict

The feature, called Truth Predict, will allow users to trade prediction contracts on major events, such as elections, changes in interest and inflation rates, gold and crude oil prices, and major sporting events, the company said in its announcement.

“Following the integration, Truth Social will be the first social media platform to offer its users technology to access embedded prediction markets capabilities through CDNA,” the company stated in its announcement.

Beta Testing To Begin Soon

Trump Media stated that it will soon begin beta testing the Truth Predict feature live on its platform before a full launch in the U.S. Subsequently, it plans to expand Truth Predict’s availability globally.

“For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.”

— Devin Nunes, CEO, Trump Media & Technology Group

The announcement comes at a time when trading volumes on prediction markets like Polymarket and Kalshi hit new records, according to a report by Bloomberg.

DJT stock is down 53% year-to-date and 59% in the past 12 months.

Also See: Trump Says Jerome 'Too Late' Powell Will Be Out In A Few Months, Calls For Candidate Suggestions To Replace Him

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on